This two-storey home in Winnipeg’s Elmhurst neighborhood presents a compelling opportunity for buyers seeking space, established character, and a solid foothold in a desirable area. Built in 1974, the property sits on a generous 7,799 sqft lot, offering ample outdoor potential. With 1,550 sqft of living space and a finished basement, it provides functional room for a growing family or those who value separate living areas. The home’s key appeal lies in its strong relative standing within the broader market: it ranks in the top 12% of all Winnipeg homes for lot size and the top 25% for living area, indicating a property that offers more space than most. Its above-average assessment value further underscores its substantial footprint and perceived worth. This home would suit buyers who prioritize lot size over a brand-new build, appreciate the mature streetscape of a 1970s-established community, and are looking for a property with proven equity and room to personalize.
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What is the true value of the lot size and ranking? Ranking in the top 12% city-wide for lot size is a significant advantage. It offers rare potential for expansions, gardening, outdoor living, or simply enjoying more privacy and space than is typically available in newer subdivisions.
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How does the age of the home (52 years) factor in? While newer than 75% of homes on its street, major original components like the roof, windows, and heating system are likely at or beyond their typical lifespan. A pre-purchase inspection is highly advised to budget for any necessary updates.
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The home ranks highly for space but mid-range for assessment value in its community. What does this suggest? This can indicate that the home’s interior may benefit from modernization. For a buyer, this represents a chance to add value through renovations, potentially making it a strong investment.
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There is no garage. How impactful is this? This is a notable consideration for vehicle storage, workshop space, and winter convenience. Buyers should assess the cost and feasibility of adding a garage or carport against their needs and budget.
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Who is the ideal buyer for this property? It’s an excellent match for a family or long-term buyer who values established neighborhoods with larger lots. It’s also suitable for a handy buyer or investor who sees the value in the land and solid structure and is prepared to update the interior over time.